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Using 150k tonnes of above ground gold, if all of it was minted into currency, would equal +- 100M dollars. Probably not more than 10% is minted currency coins
by HIPisTheAnswer 8y ago
Using 150k tonnes of above ground gold, if all of it was minted into currency, would equal +- 100M dollars. Probably not more than 10% is minted currency coins - .999 isn't for currency use. So there is about 10M dollars in existence.
- CompelTechnic 8y ago1200 USD per ounce x 16 oz per lb x 2000 lb per ton x 150,000 =5.76E12 USD 5,760,000,000,000 USD, except for the fact that Troy ounces are slightly different than normal ounces. Too lazy to look up.
- HIPisTheAnswer 8y agoa dollar is 24 3/4 grains of gold. edit:typo
- CompelTechnic 8y agoAh I see.